basic income (with a phaseout) seems better than welfare given welfare's incentive not to work. what are the best reasons against it?
Mar 23, 2014 · 1:49 AM UTC
25
5
28
@SuthaKamal @sama true but taxes have an (imperfect) built-in balance with community negotiation of what should be paid for. BI more varied
@sama Milton Friedman and the citizens of Norway could add to the discussion
@sama was having this discussion tonight with older generation. Main objection I can garner is simply wrapping mind around the difference
@sama india has had a very similar scheme for the past 10 years. The outcome has been relentless inflation.
1
@sama Deciding amount which seems fair is really hard. At what age should it start? Single parents, people with disabilities
@sama How would we implement this given the vastly differing cost of living numbers across the expanse of the US? LA vs Rock Cave WV, etc.
@sama Agreed that welfare doesn’t really work because of those disincentives. SSI has similar issues.
@sama Phaseout == No Phaseout. Net tax = gross tax - benefit received.
@sama a modernized Earned Income Tax Credit would be the way to go (give credit monthly rather than annually)
1